Balanced Market
The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows sign of a strong market for both buyers and sellers.
August Numbers
- Median Sale Price $730,000
-1.35% - Sales Volume $86,328,826
- 37.05% - Unit Sales 143
-18.29% - New Listings 257
+26.6 - Expired Listings 45
+350% - Unit Sales/Listings Ratio 55.64%
-30.56%
Year-over-year comparison (August 2022 vs. August 2021)
August Year-over-year Sales Volume of $86,328,826
- Down 37.05% from 2021's $137,132,854, with unit sales of 143 down 18.29% from last August's 175. New listings of 257 are up 26.6% from a year ago, with the sales/listing ratio of 55.64% down 30.56%
Year-to-date Sales Volume of $1,394,164,521
- Down 10.9% from 2021's $1,564,719,651, with unit sales of 1,663 down 18.32% from 2021's 2,036. New listings of 2,951 are up 17.34% from a year ago, with the sales/listing ratio of 56.35% down 24.6%
Year-to-date Average Sale Price of $841,935
- Up from $764,516 one year ago, with a median sale price of $881,500 up from $705,950 one year ago. Average days-on-market of 16.38 is up 4.5 days from last year.
